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Stock Comparison

NYXH vs INSP vs NVCR vs TNDM

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
NYXH
Nyxoah S.A.

Medical - Instruments & Supplies

HealthcareNASDAQ • BE
Market Cap$52M
5Y Perf.-94.2%
INSP
Inspire Medical Systems, Inc.

Medical - Devices

HealthcareNYSE • US
Market Cap$1.23B
5Y Perf.-82.0%
NVCR
NovoCure Limited

Medical - Instruments & Supplies

HealthcareNASDAQ • JE
Market Cap$2.02B
5Y Perf.-91.3%
TNDM
Tandem Diabetes Care, Inc.

Medical - Devices

HealthcareNASDAQ • US
Market Cap$1.14B
5Y Perf.-81.9%

NYXH vs INSP vs NVCR vs TNDM — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
NYXH logoNYXH
INSP logoINSP
NVCR logoNVCR
TNDM logoTNDM
IndustryMedical - Instruments & SuppliesMedical - DevicesMedical - Instruments & SuppliesMedical - Devices
Market Cap$52M$1.23B$2.02B$1.14B
Revenue (TTM)$16M$915M$674M$1.03B
Net Income (TTM)$-86M$131M$-173M$-95M
Gross Margin48.3%85.8%75.2%54.9%
Operating Margin-5.3%5.6%-27.2%-7.9%
Forward P/E47.6x
Total Debt$42M$32M$290M$444M
Cash & Equiv.$30M$105M$103M$91M

NYXH vs INSP vs NVCR vs TNDMLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

NYXH
INSP
NVCR
TNDM
StockApr 21Jun 26Return
Nyxoah S.A. (NYXH)1005.8-94.2%
Inspire Medical Sys… (INSP)10018.0-82.0%
NovoCure Limited (NVCR)1008.7-91.3%
Tandem Diabetes Car… (TNDM)10018.1-81.9%

Price return only. Dividends and distributions are not included.

Quick Verdict: NYXH vs INSP vs NVCR vs TNDM

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: INSP leads in 3 of 6 categories, making it the strongest pick for profitability and margin quality and capital preservation and lower volatility. Nyxoah S.A. is the stronger pick specifically for growth and revenue expansion. NVCR also leads in specific categories worth noting. As sector peers, any of these can serve as alternatives in the same allocation.
🥇INSP emerged as the overall leader. Track its performance:
NYXH
Nyxoah S.A.
The Growth Play

NYXH is the #2 pick in this set and the best alternative if growth exposure is your priority.

  • Rev growth 121.6%, EPS growth -30.9%, 3Y rev CAGR 48.1%
  • 121.6% revenue growth vs TNDM's 7.9%
Best for: growth exposure
INSP
Inspire Medical Systems, Inc.
The Income Pick

INSP carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.

  • Dividend streak 0 yrs, beta 1.16
  • 70.9% 10Y total return vs NVCR's 62.1%
  • Lower volatility, beta 1.16, Low D/E 4.1%, current ratio 6.08x
  • Beta 1.16, current ratio 6.08x
Best for: income & stability and long-term compounding
NVCR
NovoCure Limited
The Momentum Pick

NVCR is the clearest fit if your priority is momentum.

  • -2.3% vs NYXH's -81.6%
Best for: momentum
TNDM
Tandem Diabetes Care, Inc.
The Secondary Option

TNDM lags the leaders in this set but could rank higher in a more targeted comparison.

Best for: healthcare exposure
See the full category breakdown
CategoryWinnerWhy
GrowthNYXH logoNYXH121.6% revenue growth vs TNDM's 7.9%
Quality / MarginsINSP logoINSP14.3% margin vs NYXH's -5.3%
Stability / SafetyINSP logoINSPBeta 1.16 vs NVCR's 2.21, lower leverage
DividendsTieNone of these 4 stocks pay a meaningful dividend
Momentum (1Y)NVCR logoNVCR-2.3% vs NYXH's -81.6%
Efficiency (ROA)INSP logoINSP15.2% ROA vs NYXH's -80.8%, ROIC 6.0% vs -76.4%

NYXH vs INSP vs NVCR vs TNDM — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

Discover the GLP-1 Stocks Theme

These companies are key players in the GLP-1 Stocks ecosystem. See how they stack up against the rest of the sector.

Explore Theme
NYXHNyxoah S.A.

Segment breakdown not available.

INSPInspire Medical Systems, Inc.
FY 2025
Operating Segment
100.0%$912M
NVCRNovoCure Limited

Segment breakdown not available.

TNDMTandem Diabetes Care, Inc.
FY 2025
Supplies and Other
54.3%$551M
Pump
45.7%$464M

NYXH vs INSP vs NVCR vs TNDM — Financial Metrics

Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLINSPLAGGINGTNDM

Income & Cash Flow (Last 12 Months)

INSP leads this category, winning 4 of 6 comparable metrics.

TNDM is the larger business by revenue, generating $1.0B annually — 63.0x NYXH's $16M. INSP is the more profitable business, keeping 14.3% of every revenue dollar as net income compared to NYXH's -5.3%. On growth, NYXH holds the edge at +5.9% YoY revenue growth, suggesting stronger near-term business momentum.

MetricNYXH logoNYXHNyxoah S.A.INSP logoINSPInspire Medical S…NVCR logoNVCRNovoCure LimitedTNDM logoTNDMTandem Diabetes C…
RevenueTrailing 12 months$16M$915M$674M$1.0B
EBITDAEarnings before interest/tax-$81M$62M-$165M-$68M
Net IncomeAfter-tax profit-$86M$131M-$173M-$95M
Free Cash FlowCash after capex-$73M$97M-$48M-$4M
Gross MarginGross profit ÷ Revenue+48.3%+85.8%+75.2%+54.9%
Operating MarginEBIT ÷ Revenue-5.3%+5.6%-27.2%-7.9%
Net MarginNet income ÷ Revenue-5.3%+14.3%-25.7%-9.2%
FCF MarginFCF ÷ Revenue-4.5%+10.6%-7.1%-0.4%
Rev. Growth (YoY)Latest quarter vs prior year+5.9%+1.6%+12.3%+5.5%
EPS Growth (YoY)Latest quarter vs prior year+38.3%-5.0%-100.0%+84.8%
INSP leads this category, winning 4 of 6 comparable metrics.

Valuation Metrics

Evenly matched — NYXH and NVCR and TNDM each lead in 1 of 3 comparable metrics.
MetricNYXH logoNYXHNyxoah S.A.INSP logoINSPInspire Medical S…NVCR logoNVCRNovoCure LimitedTNDM logoTNDMTandem Diabetes C…
Market CapShares × price$52M$1.2B$2.0B$1.1B
Enterprise ValueMkt cap + debt − cash$66M$1.2B$2.2B$1.5B
Trailing P/EPrice ÷ TTM EPS-0.51x8.73x-14.57x-5.46x
Forward P/EPrice ÷ next-FY EPS est.47.59x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple17.83x
Price / SalesMarket cap ÷ Revenue4.48x1.35x3.09x1.12x
Price / BookPrice ÷ Book value/share0.93x1.63x5.82x7.20x
Price / FCFMarket cap ÷ FCF15.68x
Evenly matched — NYXH and NVCR and TNDM each lead in 1 of 3 comparable metrics.

Profitability & Efficiency

INSP leads this category, winning 9 of 9 comparable metrics.

INSP delivers a 18.0% return on equity — every $100 of shareholder capital generates $18 in annual profit, vs $-164 for NYXH. INSP carries lower financial leverage with a 0.04x debt-to-equity ratio, signaling a more conservative balance sheet compared to TNDM's 2.86x. On the Piotroski fundamental quality scale (0–9), INSP scores 7/9 vs NYXH's 2/9, reflecting strong financial health.

MetricNYXH logoNYXHNyxoah S.A.INSP logoINSPInspire Medical S…NVCR logoNVCRNovoCure LimitedTNDM logoTNDMTandem Diabetes C…
ROE (TTM)Return on equity-164.4%+18.0%-50.8%-68.3%
ROA (TTM)Return on assets-80.8%+15.2%-16.5%-10.0%
ROICReturn on invested capital-76.4%+6.0%-16.4%-10.0%
ROCEReturn on capital employed-80.4%+6.7%-28.9%-11.5%
Piotroski ScoreFundamental quality 0–92753
Debt / EquityFinancial leverage0.86x0.04x0.85x2.86x
Net DebtTotal debt minus cash$12M-$73M$187M$354M
Cash & Equiv.Liquid assets$30M$105M$103M$91M
Total DebtShort + long-term debt$42M$32M$290M$444M
Interest CoverageEBIT ÷ Interest expense-32.73x418.58x-96.80x-19.88x
INSP leads this category, winning 9 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

Evenly matched — INSP and NVCR and TNDM each lead in 2 of 6 comparable metrics.

A $10,000 investment in INSP five years ago would be worth $2,268 today (with dividends reinvested), compared to $515 for NYXH. Over the past 12 months, NVCR leads with a -2.3% total return vs NYXH's -81.6%. The 3-year compound annual growth rate (CAGR) favors TNDM at -13.8% vs INSP's -48.0% — a key indicator of consistent wealth creation.

MetricNYXH logoNYXHNyxoah S.A.INSP logoINSPInspire Medical S…NVCR logoNVCRNovoCure LimitedTNDM logoTNDMTandem Diabetes C…
YTD ReturnYear-to-date-69.1%-53.7%+35.5%-23.0%
1-Year ReturnPast 12 months-81.6%-66.8%-2.3%-20.7%
3-Year ReturnCumulative with dividends-82.4%-85.9%-59.8%-35.9%
5-Year ReturnCumulative with dividends-94.9%-77.3%-91.9%-82.1%
10-Year ReturnCumulative with dividends-94.2%+70.9%+62.1%-77.0%
CAGR (3Y)Annualised 3-year return-44.0%-48.0%-26.2%-13.8%
Evenly matched — INSP and NVCR and TNDM each lead in 2 of 6 comparable metrics.

Risk & Volatility

Evenly matched — INSP and NVCR each lead in 1 of 2 comparable metrics.

INSP is the less volatile stock with a 1.16 beta — it tends to amplify market swings less than NVCR's 2.21 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. NVCR currently trades 94.0% from its 52-week high vs NYXH's 16.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricNYXH logoNYXHNyxoah S.A.INSP logoINSPInspire Medical S…NVCR logoNVCRNovoCure LimitedTNDM logoTNDMTandem Diabetes C…
Beta (5Y)Sensitivity to S&P 5002.10x1.16x2.21x1.26x
52-Week HighHighest price in past year$8.59$147.03$18.92$29.65
52-Week LowLowest price in past year$1.26$38.91$9.82$9.98
% of 52W HighCurrent price vs 52-week peak+16.2%+29.0%+94.0%+56.0%
RSI (14)Momentum oscillator 0–10025.843.357.143.2
Avg Volume (50D)Average daily shares traded189K950K1.5M2.3M
Evenly matched — INSP and NVCR each lead in 1 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Analyst consensus: NYXH as "Buy", INSP as "Hold", NVCR as "Buy", TNDM as "Buy". Consensus price targets imply 331.7% upside for NYXH (target: $6) vs 34.3% for INSP (target: $57).

MetricNYXH logoNYXHNyxoah S.A.INSP logoINSPInspire Medical S…NVCR logoNVCRNovoCure LimitedTNDM logoTNDMTandem Diabetes C…
Analyst RatingConsensus buy/hold/sellBuyHoldBuyBuy
Price TargetConsensus 12-month target$6.00$57.36$33.50$31.46
# AnalystsCovering analysts5271539
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises0
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%+14.2%0.0%0.0%
Insufficient data to determine a leader in this category.
Key Takeaway

INSP leads in 2 of 6 categories — strongest in Income & Cash Flow and Profitability & Efficiency. 3 categories are tied.

Best OverallInspire Medical Systems, In… (INSP)Leads 2 of 6 categories
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NYXH vs INSP vs NVCR vs TNDM: Key Questions Answered

9 questions · data-driven answers · updated daily

01

Is NYXH or INSP or NVCR or TNDM a better buy right now?

For growth investors, Nyxoah S.

A. (NYXH) is the stronger pick with 121. 6% revenue growth year-over-year, versus 7. 9% for Tandem Diabetes Care, Inc. (TNDM). Inspire Medical Systems, Inc. (INSP) offers the better valuation at 8. 7x trailing P/E (47. 6x forward), making it the more compelling value choice. Analysts rate Nyxoah S. A. (NYXH) a "Buy" — based on 5 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which is the better long-term investment — NYXH or INSP or NVCR or TNDM?

Over the past 5 years, Inspire Medical Systems, Inc.

(INSP) delivered a total return of -77. 3%, compared to -94. 9% for Nyxoah S. A. (NYXH). Over 10 years, the gap is even starker: INSP returned +70. 9% versus NYXH's -94. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

03

Which is safer — NYXH or INSP or NVCR or TNDM?

By beta (market sensitivity over 5 years), Inspire Medical Systems, Inc.

(INSP) is the lower-risk stock at 1. 16β versus NovoCure Limited's 2. 21β — meaning NVCR is approximately 91% more volatile than INSP relative to the S&P 500. On balance sheet safety, Inspire Medical Systems, Inc. (INSP) carries a lower debt/equity ratio of 4% versus 3% for Tandem Diabetes Care, Inc. — giving it more financial flexibility in a downturn.

04

Which is growing faster — NYXH or INSP or NVCR or TNDM?

By revenue growth (latest reported year), Nyxoah S.

A. (NYXH) is pulling ahead at 121. 6% versus 7. 9% for Tandem Diabetes Care, Inc. (TNDM). On earnings-per-share growth, the picture is similar: Inspire Medical Systems, Inc. grew EPS 179. 4% year-over-year, compared to -106. 8% for Tandem Diabetes Care, Inc.. Over a 3-year CAGR, NYXH leads at 48. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

05

Which has better profit margins — NYXH or INSP or NVCR or TNDM?

Inspire Medical Systems, Inc.

(INSP) is the more profitable company, earning 15. 9% net margin versus -899. 1% for Nyxoah S. A. — meaning it keeps 15. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: INSP leads at 5. 6% versus -827. 8% for NYXH. At the gross margin level — before operating expenses — INSP leads at 85. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

06

Is NYXH or INSP or NVCR or TNDM more undervalued right now?

Analyst consensus price targets imply the most upside for NYXH: 331.

7% to $6. 00.

07

Which pays a better dividend — NYXH or INSP or NVCR or TNDM?

None of the stocks in this comparison currently pay a material dividend.

All are effectively zero-yield and should be held for capital appreciation rather than income.

08

Is NYXH or INSP or NVCR or TNDM better for a retirement portfolio?

For long-horizon retirement investors, Inspire Medical Systems, Inc.

(INSP) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 16)). Nyxoah S. A. (NYXH) carries a higher beta of 2. 10 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (INSP: +70. 9%, NYXH: -94. 2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

09

What are the main differences between NYXH and INSP and NVCR and TNDM?

Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: NYXH is a small-cap high-growth stock; INSP is a small-cap deep-value stock; NVCR is a small-cap quality compounder stock; TNDM is a small-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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